What thoughts come to mind about the next generation of renters? Adults under 40 will be the next large group of renters, and their needs and preferences are quite different from previous generations. To stay competitive as a property owner in Severance, it’s important to consider what young adults look for in a rental home and make the necessary upgrades.
Smart Technologies for Rental Properties
The spread of handheld smart technologies has led to the increasing prevalence of smart homes. Many young renters are accustomed to smart technologies like smart thermostats and lighting from their family homes. These technologies allow users to adjust thermostats or control lighting with just a few clicks.
Far from being just fancy extras, smart technologies can greatly improve a rental home’s performance and attract quality, long-term residents. Let’s explore the benefits of smart thermostats and lighting for rental property owners.
Benefits of Smart Thermostats
Smart thermostats are advanced programmable devices that learn your behavior and adjust temperature settings accordingly. They can track energy usage in real time, automatically adjust settings when no one is home, and provide remote control of the home’s climate.
While smart thermostats may cost more initially than traditional models, they can result in significant energy savings, potentially saving residents hundreds of dollars annually. Furthermore, smart thermostats maintain a customized and comfortable home climate at all times. Although they come with a higher initial cost, smart thermostats are designed to pay for themselves through energy savings and improved efficiency in a relatively short time.
Reason to Consider Smart Lighting
Smart lighting systems, much like smart thermostats, are built to reduce energy consumption and improve efficiency. These systems combine high-efficiency light fixtures and automated controls that adjust autonomously based on the number of occupants and natural light conditions.
They can also be programmed, managed with a mobile app, and customized to optimize energy usage and enhance security. Of all the smart home technologies, smart lighting is one of the most accessible and affordable, making it a great starting point for integrating innovation into your home.
To learn how smart technologies can improve your rental property management, contact Real Property Management of the Rockies today. Our skilled team is ready to assist you in integrating the latest innovative solutions to enhance efficiency and tenant satisfaction. Connect with us online or call 970-658-0410.
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